Norway Royal Salmon ASA (NRS): Clearance received from the European Commission – Settlement details for the Merger with SalMar and for the acquisition of SalmoNor

Reference is made to Norway Royal Salmon ASA’s (“NRS”) inventory alternate discover on 30 May 2022 relating to the acquisition of SalmoNor AS (“SalmoNor”) from NTS ASA (“NTS”) and the merger between NRS and SalMar ASA (“SalMar”) (the “Merger”).

Further reference is made to SalMar’s inventory alternate discover of right this moment (the “SalMar Notice”) relating to received clearance from the European Commission for SalMar’s acquisition of a majority of the shares in NTS ASA pursuant to a voluntary provide (the “Offer”) and consequently additionally for the Merger. In the SalMar Notice, SalMar confirms that the closing situations for the Offer have been glad or waived and that the Offer can be settled.

As a situation for completion of the Merger and the Offer, SalMar has undertaken a dedication to divest sure shares at present held by NRS, which can be assumed by SalMar upon completion of the Merger. Further details about this divestment, together with the situations for its completion, and about the rationale for finishing the Merger and the Offer are set out in the SalMar Notice.

On the above foundation, SalMar and NRS have resolved to proceed to finish the Merger pursuant to the phrases and situations of the Merger plan.

In accordance with the Merger plan, NRS will instantly previous to completion of the Merger full the agreed acquisition of 100% of the shares in SalmoNor AS from NTS. As half of the settlement, NRS will concern 15,360,643 new NRS shares to be subscribed by NTS.

Completion of the SalmoNor transaction is anticipated to happen on 2 November 2022 with the share capital enhance in NRS anticipated to be registered in the Norwegian Register of Business Enterprises (the “Register”) on 3 November 2022. The new shares can be delivered to NTS’ VPS account no later than on 4 November 2022.

Following completion of the SalmoNor transaction, NRS could have a registered share capital of NOK 58,932,643 consisting of an equal quantity of shares, every with a par worth of NOK 1.

Registration of completion of the Merger in the Register is anticipated to happen after shut of buying and selling on Oslo Børs on 7 November 2022 (the “Merger Effective Date”), which can be the final day of buying and selling in the NRS shares.

Shareholders of NRS will obtain merger consideration consisting of 0.303933 shares in SalMar and NOK 52.84 in money for every share in NRS they personal as at the expiry of the Merger Effective Date, as such shareholders seem in NRS’ shareholders register with Euronext Securites Oslo (VPS) as at the expiry of 9 November 2022. SalMar will concern at whole of 17,851,550 new shares as consideration in the Merger.

Carnegie AS acts as monetary advisor and Wikborg Rein Advokatfirma AS acts as authorized advisor to NRS.

For extra info, please contact:

Paal Espen Johnsen, Chairman of the Board of Directors: +47 484 02 000

Charles Høstlund, CEO: +47 994 18 449

About Norway Royal Salmon:

The Norway Royal Salmon (NRS) group owns 36 455 tonnes MAB for salmon farming positioned in Troms and Finnmark, and 21 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming on Iceland by means of the firm Arctic Fish. In addition, the group has minority curiosity in two related Norwegian fish farming corporations which collectively personal 9 fish farming licenses. NRS is an attractively positioned fish farming group, which provides salmon to the market by means of its personal gross sales organisation.

For additional details, please go to www.norwayroyalsalmon.com.

This info is topic to the disclose necessities pursuant to part 5-12 of the Norwegian Securities Trading Act.

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